Resident Individual Tax Rates

Tax years for Individual Taxpayers run from 1 July to 30 June.

The rates shown for future years reflect the current state of the law, and proposed law, at the time of editing, and presume that the government won’t find a reason to fiddle with them between now and then.

Tax Scale Revisions – 2018

The Budget 2018 contained the first major revision of the personal tax scales for a several years. Changes include the lifting of middle income thresholds, introduction of a new Low and Middle Income Tax Offset and the eventual removal of the 37 cent tax band.

The intended purpose of the changes is to address bracket creep and to simplify the tax scale. Further details and links to the changes in respect to changes for the tax years 2018-19 through to 2024-25 and beyond can be reviewed here.

Tax Scales in Recent Years

The initial structure of resident tax scales currently in force was first implemented from 1 July 2012 when the tax-free threshold was lifted from $6,000 to $18,200.

With effect from 1 July 2014 and continuing for three financial years a Temporary Budget Repair Levy of 2% was added to the top marginal tax rate for people earning more than $180,000 a year. (See Budget 2014)

A small overall rate change legislated for the year commencing 1 July 2015 has since been repealed.

An expansion of the 32.5 cent band from $80,000 to $87,000 was applied from the 2016-17 year.

An increase in basic medicare levy by 0.5% to 2.5 % was proposed from the 2019-20 year, but has since been abandoned.

See menu for year-by-year tax rate summaries or here.

Prehistoric Tax Rates

For a pre-2010 listing of historical tax rates going back to the 1950s click here.

RESIDENT INDIVIDUAL TAX RATES

2024-25

2023-24

2022-23

2021-22

2020-21

2019-20

2018-19

2017-18

2016-17

2015-16

2014-15

2013-14

2012-13

2011-12

2010-11

2009-10

2008-09

pre-2010

Income Tests – Adjusted Taxable Income

HECS – HELP

Tax Free Threshold

Tax Thresholds

Medicare Levy

Medicare Levy Historical Rates

Medicare Levy Surcharge

Income on which you don’t pay tax

Income Averaging

Income Averaging For Special Professionals

Tax Offsets

Tax on children

Excepted income

 

NON-RESIDENT INDIVIDUAL TAX RATES

Information for Non-residents (including tax rates) can be found here.

 

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This page was last modified 2018-11-27